Eastnine AB (publ) (EAST) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.156 Hello and very warm welcome to EAST9's year-end report for 00:00:05.156 -- 00:00:06.997 2025. 00:00:06.997 -- 00:00:10.520 My name is Kastuti Sasnowskas. I'm CEO of EAST9. 00:00:10.520 -- 00:00:15.165 And with me is Britt-Marie Nyman, Deputy CEO and CFO. 00:00:15.165 -- 00:00:18.668 Together we will guide you through the report today. 00:00:18.668 -- 00:00:20.489 And do 00:00:20.489 -- 00:00:25.914 not forget, please post your questions during our presentation and we will take them 00:00:25.914 -- 00:00:30.018 once we're finished with the formal presentation. 00:00:30.018 -- 00:00:32.018 So, 00:00:32.543 -- 00:00:38.415 looking at the last quarter, we continue on the strong growth path, 00:00:38.415 -- 00:00:43.485 delivering 24% growth in the rental income, in comparable portfolio 00:00:43.485 -- 00:00:48.515 up 2%, profits from property management up 15% 00:00:48.515 -- 00:00:53.745 and per share is up 8%. This is for the quarter. 00:00:53.745 -- 00:00:58.573 We have minor negative unrealist value changes, 00:00:58.573 -- 00:01:03.722 net letting positive for the quarter. However, occupancy ratio somewhat 00:01:03.722 -- 00:01:09.793 down, but we're coming from very high level of over 96%. 00:01:09.793 -- 00:01:14.281 So this fluctuation quarter to quarter is very natural. 00:01:14.281 -- 00:01:19.970 Surplus ratio somewhat down as well, but remains on a very high level, 00:01:19.970 -- 00:01:22.511 close to 93%. 00:01:22.575 -- 00:01:28.264 During the quarter, we recruited Adela Chodakovic as a new CFO, starting from June. 00:01:28.264 -- 00:01:33.854 And we also extended and prolonged one of our key leases 00:01:33.854 -- 00:01:38.902 with one of our key tenants, Vinted, in Vilnius. 00:01:38.902 -- 00:01:44.112 If we look over ...